Ajax Engineering Limited — PPTs, 18-05-2026: Investor Presentation

Ajax Engineering delivered resilient FY26 results with revenue hitting ₹2,102.5 Cr and PAT at ₹225.1 Cr. Despite industry headwinds causing an 11% volume drop, Ajax’s SLCM volumes declined only 4%, outperforming rivals and maintaining 73.5% market leadership. Q4FY26 profitability rebounded sharply, fueled by cost optimization and a ~2% price hike.

Strategic priorities include strengthening the non-SLCM portfolio and expanding global reach, reflected in 39% export revenue growth. The firm also successfully transitioned to CEV-V emission norms, with new machines gaining traction. A Q4 price hike, a bold move in a competitive market, underlines its pricing power. Ajax boasts a strong balance sheet with ₹1,120.8 Cr in cash and an asset-light model. Management is upbeat on India’s infrastructure story and rising mechanized construction, expecting sustained demand despite cyclical industry challenges.